Mr. Sodbileg is 30 years old and lives with his wife, daughter and son in Ulaanbaatar, the capital city of Mongolia. Since his family does not have their own housing yet, they live in a rental apartment. His daughter attends primary school.
Since 2008, Mr. Sodbileg has been operating a retail business selling mobile phones in a small stall. At his stall, he sells mobile phones to local residents.
Mr. Sodbileg works hard and is known to be very friendly to his customers. Compared to the other stalls around him at the market, Mr. Sodbileg's mobile phones are of better quality. He also sells a wider variety of mobile phone model choices.
He has been successfully expanding his business and was able to improve his living conditions gradually. He says, "I wish to have own apartment next year, because to live in a rental apartment is very hard."
In order to increase the variety of mobile phones for his customers, Mr. Sodbileg is requesting a 3,000,000 MNT loan.
Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.